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Apple’s iPhone 8 just made this chip foundry chief a billionaire

Apple, in its constant efforts to move away from Samsung as components supplier, has tasked the production of its 2017 edition A11 chipset entirely to the Taiwan Semiconductor Manufacturing Co. (TSMC). Its 86-year-old chairman Morris Chang has just become a billionaire in the process. Shares of TSMC have jumped 27% in a year, making his stake in the company valued at a cool $1 billion.

This upshot in the foundry’s valuation comes on the wings of the extra iPhone 8 business that analysts are convinced will cause major increase in demand for iPhones overall this and …